Surgeon almost goes broke on a $665K salary thanks to 1 sneaky financial fee. Ramit Sethi sets things straight

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• Jeff and Susan's 1.24% AUM fee would cost them $863,170 over 35 years on their $460,000 portfolio

  80% confidence

• Some advisory fees can be negotiable

  80% confidence

• Would happily pay a financial advisor for fixed-fee services like asset allocation review

  80% confidence

• One asset will surge 400% in a year

  80% confidence

• Generally feels most people are good and not trying to rip them off

  80% confidence

• Would never pay a percentage of assets under management

  80% confidence

• Projecting around 5.5% returns for 2024-2034 period

  80% confidence

• If you feel bad about money at $50,000, you're probably going to feel that way when you make 10 times your income

  80% confidence

• Most advisors make their money when portfolio grows, which is why they love older people and wealthy people who don't understand commission structures

  80% confidence

• Nearly 50% of Americans are making 1 big Social Security mistake

  80% confidence

• Forecasting 9% price returns from 2024 to 2034

  80% confidence

• You want to pay a flat fee, never a percentage

  80% confidence

• Financial advisor told her fee was roughly around 1% and downplayed its significance

  80% confidence